Generali, Moody’s affirms rating Baa1 and outlook stable

Trieste – Moody’s announced today that it has affirmed the Baa1 IFS rating on Assicurazioni Generali SpA. Concurrently the rating agency has affirmed the ratings of debt instruments issued or guaranteed by Generali (Baa2 senior debt; Baa3 senior subordinated debt; Ba1(hyb) junior subordinated debt). The outlook remains Stable.

Moody’s said: “The affirmation of Assicurazioni Generali S.p.A’s IFSR with a stable outlook primarily reflects the Generali group's diversification outside Italy and the improved resilience of the group to an hypothetical stress scenario on Italian assets”. Moreover, the rating agency said that the strong geographical diversification “largely contributes to the affirmation of the Generali group’s ratings in spite of the downgrade of the Italian sovereign.”

Please find attached Moody’s original press release